At the March 26, 2008, Council Meeting, the Silverthorne Town Council approved an agreement to partner with Red Mountain Village, LLC, to provide a mix of affordable and market rate housing on a 51 acre site commonly referred to as the Smith Ranch. The Town is currently negotiating with Red Mountain Village to craft a development agreement which will provide a mix of affordable and attainable market rate housing, all of similar size and design. If a development agreement is agreed to by June 30, 2008, the Town will then negotiate an acceptable planned unit development agreement, as well as an annexation agreement to bring the development within Town limits.

Silverthorne's Town Council has always envisioned this land as an affordable neighborhood for full-time residents, and this agreement secures the property for that purpose. The approved agreement outlines a process by which Red Mountain Village can work in partnership with the Town to bring an affordable housing development to Silverthorne," stated Mayor Dave Koop. Mayor Koop added, "We are looking forward to getting public input on this topic. Once the Town has negotiated an acceptable development agreement, we will begin our development process review which provides many opportunities for public input."

Affordable housing is crucial to the area. Homes and property values contiue to increase in Silverthorne and throughout Summit County. Avalible land is running out as we near total build-out. As this project moves forward Deanna and I believe it will ensure people that work in our community will live in our community.

Silverthorne Real Estate information